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Nestle may sell U.S. confectionery business

Reuters  |  LONDON 

By Martinne GellerLONDON (Reuters) - Nestle may sell its roughly $900 million-a-year U.S. confectionery business, which includes Butterfinger and BabyRuth, in the Swiss food group's latest effort to improve the health profile of its sprawling portfolio.The world's largest packaged foods maker said on Thursday it would "explore strategic options", including a possible sale, for the business that also includes 100Grand, SkinnyCow and Raisinets.Analysts have been speculating that Nestle could exit the U.S. confectionary business which is not in line with its stated strategy of becoming more ...

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First Published: Fri, June 16 2017. 00:17 IST
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